XTX Topco Ltd Raises Stake in UFP Industries, Inc. (NASDAQ:UFPI)

XTX Topco Ltd raised its position in UFP Industries, Inc. (NASDAQ:UFPI) by 548.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,717 shares of the construction company’s stock after acquiring an additional 16,675 shares during the quarter. XTX Topco Ltd’s holdings in UFP Industries were worth $2,111,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UFPI. LPL Financial LLC lifted its stake in UFP Industries by 3.0% in the fourth quarter. LPL Financial LLC now owns 16,410 shares of the construction company’s stock worth $1,849,000 after acquiring an additional 484 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of UFP Industries by 6.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 105 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of UFP Industries by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 698,684 shares of the construction company’s stock worth $78,707,000 after buying an additional 67,280 shares during the last quarter. Norges Bank purchased a new stake in shares of UFP Industries during the 4th quarter worth approximately $83,149,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of UFP Industries by 10.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,741 shares of the construction company’s stock worth $985,000 after buying an additional 832 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital began coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.80.

UFP Industries Stock Down 2.6%

Shares of NASDAQ:UFPI opened at $99.67 on Thursday. The company has a market capitalization of $6.02 billion, a PE ratio of 17.30 and a beta of 1.47. The company has a current ratio of 4.54, a quick ratio of 3.44 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month high of $141.33. The firm has a 50 day simple moving average of $100.46 and a 200-day simple moving average of $105.62.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. UFP Industries’s payout ratio is 22.91%.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.